KRS 14A.9-080: Procedure for an effective revocation.

(1) If the Secretary of State determines that one (1) or more grounds exist under KRS

14A.9-070 for revocation of a certificate of authority, the foreign entity shall be

served with written notice of that determination by mailing the notice by first -class

mail to the foreign entity at its principal place of business address.

(2) If within sixty (60) days after the mailing of the notice, the foreign entity does not

correct each ground for revocation or demonstrate to the reasonable satisfaction of

the Secretary of State that each ground determined by the Secretary of State does

not exist, the Secretary of State may revoke the foreign entity's certificate of

authority by signing a certificate of revocation that recites the ground or grounds for

revocation and its effective date. The Secretary of State shall file the original of the

certificate and serve a copy on the foreign entity by mailing the notice by first -class

mail to the foreign entity at its principal place of business address.

(3) The authority of a fore ign entity to transact business in this Commonwealth shall

cease on the date shown on the certificate revoking its certificate of authority.

(4) The Secretary of State's revocation of a foreign entity's certificate of authority shall

be considered to appoi nt the Secretary of State the foreign entity's registered agent

in any proceeding based on a cause of action which arose during the time the

foreign entity was authorized to transact business in this Commonwealth. Service of

process on the Secretary of Sta te under this subsection shall be service on the

foreign entity. Upon receipt of process, the Secretary of State shall mail a copy of

the process to the secretary of the foreign entity at its principal office address shown

in its most recent annual report or in any subsequent communication received from

the foreign entity stating its current principal office address, or, if none is on file, in

its application for a certificate of authority.

(5) Revocation of a foreign entity's certificate of authority shall not terminate the

authority of the registered agent of the foreign entity.